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The US spot Bitcoin exchange-traded funds (ETFs) saw nearly $295 million in net inflows on July 8th. This represented significant buying activity, which was last seen in June, when Bitcoin was hovering above $70,000. Notably, major funds have appeared to have made a comeback despite Bitcoin struggling with downward pressure. BlackRock’s IBIT Tops ETF Inflows The latest surge in investment comes as these vehicles kicked off July on a strong note. In the second week of July,...

The US spot Bitcoin ETFs experienced a net outflow of $20.45 million on Wednesday. Interestingly, only two of them showed activity amid market uncertainty. Grayscale’s GBTC saw a $26.99 million exit, while Fidelity’s FBTC gained $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s BITB, and VanEck’s HODL, reported no flows. US Bitcoin ETFs’ Market Momentum Wanes According to data compiled by SoSoValue, trading volume for these 11 funds reached around...

The world’s fourth-largest asset manager has promised to seed its upcoming Ethereum ETF with $4.7 million ahead of launch, according to a regulatory filing. “Total proceeds to the Trust from the sale of the Seed Baskets were $4,749,975.00,” read Fidelity’s S-1 registration form for its “Fidelity Ethereum Fund” filed on Friday. Fidelity Buys Its First Batch Of Ethereum The proceeds were used to buy ETH on June 4, securing 1,250 ETH at the time. They were bought by FMR Capital...

CoinspeakerUS Spot Bitcoin ETFs See Outflows after Hawkish Fed Meeting The bearish sentiment wasn't limited to the US. Even on the global scale, digital asset investment products saw their largest outflow of over $600 million in almost three months. US Spot Bitcoin ETFs See Outflows after Hawkish Fed Meeting

Ever since mid-January, when the 11 spot Bitcoin ETFs saw the light of day, Grayscale’s converted GBTC has been at the forefront of outflows. This eventually resulted in losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. In the last two trading days of this week, though, the tides changed, and this negative award went to Fidelity’s FBTC. Data from FarSide shows the overall outflows for the week, in which four out of the five trading...

CoinspeakerEnvironmental Activists Blame Wall Street for Funding Bitcoin Mining Emissions Greenpeace also accused banks of hypocrisy, noting that they promote green and sustainability goals while simultaneously investing in or financing the crypto mining industry for profits. Environmental Activists Blame Wall Street for Funding Bitcoin Mining Emissions

Bitcoin is already entering the latter part of its S-curve adoption cycle, leading to less volatility for the asset than old investors may be used to, according to Fidelity’s Director of Global Macro Jurrien Timmer. During an interview published on Tuesday, the macro analyst explained how he believes Bitcoin will size up next to gold, and where the asset belongs within a traditional 60/40 portfolio. Bitcoin’s Place Among Traditional Assets Timmer acknowledged that the recent...

CoinspeakerMike Novogratz Predicts Staking for Spot Ethereum ETFs in 2 Years While all of the prospective Ethereum ETF issuers have fulfilled the bidding of the US SEC by removing staking in their applications, investors might still favor ETH in the ETF market. Mike Novogratz Predicts Staking for Spot Ethereum ETFs in 2 Years

CoinspeakerSpot Bitcoin ETFs Saw 4th Consecutive Day of Inflows, Totaling $257M Yesterday Grayscale's Bitcoin Investme­nt Trust (GBTC) witnessed the first ne­t inflow of $4.64 million since its conversion in January after it had e­xperienced huge­ net outflows. Spot Bitcoin ETFs Saw 4th Consecutive Day of Inflows, Totaling $257M Yesterday